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Section 15.315 Short title.
2021 Code of Iowa
This part shall be known and may be cited as the “Renewable Chemical Production Tax Credit Program” .
Section 15.317 Eligibility requirements.
2021 Code of Iowa
To be eligible to receive the renewable chemical production tax credit pursuant to the program, a business shall meet all of the following requirements: The business is physically located in this state. The business is operated for profit and under si...
Section 15.318 Eligible business application and agreement maximum tax credits.
2021 Code of Iowa
An eligible business that produces a renewable chemical in this state from biomass feedstock during a calendar year may apply to the authority for the renewable chemical production tax credit provided in section 15.319. The app lication shall be mad...
Section 15.316 Definitions.
2021 Code of Iowa
As used in this part, unless the context otherwise requires: “Biobased content percentage” means, with respect to any renewable chemical, the amount, expressed as a percentage, of renewable organic material present as determined by testing representa...
Section 15.319 Renewable chemical production tax credit.
2021 Code of Iowa
An eligible business that has entered into an agreement pursuant to section 15.318 may claim a tax credit in an amount equal to the product of five cents multiplied by the number of pounds of renewable chemicals produced in this state from biomass f...
Section 15.320 Reports to general assembly.
2021 Code of Iowa
For purposes of this section, “successful tax credit applicant” includes, with respect to each calendar year, an eligible business that was issued a tax credit for production of renewable chemicals during that calendar year, and an eligible busine...
Section 15.321 Rules.
2021 Code of Iowa
The authority and the department of revenue shall each adopt rules as necessary for the implementation and administration of this part.
Section 15.322 Future repeal.
2021 Code of Iowa
Section 15.315, 15.316, 15.317, 15.318, 15.319, 15.320, 15.321, and this section, are repealed July 1, 2030.
Section 15.120 The Iowa energy center.
2021 Code of Iowa
The Iowa energy center is established within the authority with the following purposes: To expand workforce and career opportunities for workers in the energy sector to ensure that the state is able to attract and train professionals to meet the state...
Tagged topics: energy center, energy use
Section 72.1 Contracts for excess expenditures — exception for coal.
2021 Code of Iowa
Officers empowered to expend, or direct the expenditure of, public money of the state shall not make any contract for any purpose which contemplates an expenditure of such money in excess of that authorized by law. However, the state or an agency of t...
Tagged topics: coal